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PepsiCo Announces Senior Leadership Appointment at PepsiCo Foods North America

 
Mar 29, 2019

PURCHASE, N.Y. - PepsiCo, Inc. today announced that Steven Williamscurrently senior vice president and chief commercial officer for Frito-Lay's U.S. operations, has been appointed to the role of chief executive officer of PepsiCo Foods North America (PFNA), which includes Frito-Lay North America (FLNA) and Quaker Foods North America (QFNA), effective immediately.  Williams replaces Vivek Sankaran who will depart the company on April 12, 2019 to become president and chief executive officer of Albertsons Companies, Inc.

Williams, a highly experienced and accomplished PepsiCo executive, was most recently responsible for leading FLNA's customer, field, and foodservice sales teams, go-to-market strategy and execution, and overseeing an organization of more than 29,000 employees.  Previously, he served as division vice president for the Eastern Division of Frito-Lay; as global SVP of PepsiCo's Walmart business; and as head of sales for a number of PepsiCo's largest food and beverage brands. Williams joined PepsiCo in 2001 as part PepsiCo's acquisition of the Quaker Oats Company, which he joined in 1997. He holds a Bachelor of Arts in Economics from the University of Central Oklahoma and completed the Program for Leadership Development at Harvard Business School.

"Steven is the ideal leader for our North America food businesses, and his appointment is a testament to our strong bench of talent," said PepsiCo Chairman and CEO Ramon Laguarta. "He has deep knowledge of the industry and our business, and we will greatly benefit from his inspirational leadership, broad customer knowledge, intimacy with consumer trends, and experience developing talent as we build on our already strong foundation."

Laguarta continued: "Steven's appointment comes as Vivek, one of our respected executives and friends, begins another exciting chapter in his career.  Under Vivek's direction, Frito-Lay expanded its position as a category leader, introduced many new and successful products and delivered excellent performance.  We have benefited from Vivek's strategic vision and many contributions over the last decade, and are pleased to continue to work with him as he transitions to join one of our largest North America customers." 

About PepsiCo 
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $64 billion in net revenue in 2018, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business.  For more information, visit www.pepsico.com

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Frito-Lay North America is the $15 billion convenient foods business unit of PepsiCo, whose headquarters are located in Purchase, NY. In addition to Frito-Lay, PepsiCo business units include Pepsi-Cola, Quaker Foods, Gatorade and Tropicana.

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